What is the PepsiCo code of ethics?

Answer 1

"PepsiCo offers excellent opportunity for early responsibility and a culture that encourages initiative, risk taking and access to decision makers," says one insider. The company has a "professional but fun" corporate culture in which employees are "free to pursue their goals" without "the burden of excessive structure." The "casual" and "collegial" environment is headed by senior management "eager to hear the questions and ideas" of their more junior colleagues. Pepsi "is also a company of candor and reality."

PepsiCo is into "diversity - they welcome and actively recruit people of color and give them early opportunity for advancement." Fortune magazine named PepsiCo as one of the "Best Companies for Women and Minorities" to work for, and in 1998 alone PepsiCo spent 5 percent ($285 million) of its procurement budget with minority and women-owned businesses. However, say insiders, "PepsiCo really wants one type of person, regardless of ancestry, someone who will put their job before their family or personal life." As Pepsi's "diversity is centered around birth rather than style or culture," the result for some is that PepsiCo culture is "fairly uniform: extremely competitive and very focused." However "the business units have a fair degree of autonomy" so even things such as dress code vary from office to office.

Employees praise the company's benefits program, which includes a "bountiful retirement package, a tuition reimbursement program, and even a legal assistance program." The downside of this is that "the culture is deliberately geared to churn people - the workload is extreme, your job is everything, and personal needs (family, vacation, etc.) are frowned upon." The effect of this attitude is that "Pepsi will burn many people out very quickly." But many see Pepsi as the "?ultimate corporate workplace - if you make it here you can make it anywhere." PepsiCo has instituted a number of work family programs to ease the strain of corporate life including flex-time and work at home arrangements. Though insiders have mixed reactions to PepsiCo compensation packages, company representatives report that they strive to offer salaries in the top quartile. Monetary issues aside, the "challenging" assignments and "accessible promotion path" aid job retention. When people do leave, they do so in a position of strength, as one employee notes, "PepsiCo experience is well thought of, and this seems to be backed up by the jobs that people hold after they leave."

The bottom line, an insider concludes, is that "Pepsi is a great place to make a name for yourself with a wide open career track, but only if you?re prepared to make personal sacrifices."

Answer 2

Pepsi's code of conduct as quoted: "PepsiCo is committed to providing safe and healthy work environments and to being an environmentally responsible corporate citizen. It is our policy to comply with all applicable environmental, safety and health laws and regulations.

We are dedicated to designing, constructing, maintaining and operating facilities that protect our people and physical resources. We believe that protecting the environment is an important part of good corporate citizenship. We are committed to minimizing the impact of our business on the environment with methods that are socially responsible, scientifically based and economically sound. We encourage conservation, recycling and energy use programs that promote clean air and water and reduce landfill waste."